At least eleven (11) public universities are staring at a KSh100 billion funding shortfall that has left them technically insolvent, despite increased allocations under the student-centred financing model.
Education officials told the National Assembly Committee on Education on Thursday that the gap has crippled operations, with some universities struggling to pay salaries, pensions, and meet basic obligations.
Higher Education and Research Principal Secretary Beatrice Inyangala revealed that the ministry is grappling with the deficit even as the government rolls out the needs-based model introduced by the President.
PS Inyangala said the ministry is pursuing strategies such as asset-based securitisation and enhanced loan…